That number on that website,
https://www.nbim.no/en/ is difficult to read, as the number changes the whole time.
My personal funds all dropped quite a bit, especially the Asian index fund (thanks Trump) and my Norwegian fund. I bought a bunch of new stocks, taking advantage of the drop.
Not good to hear that the oil fund manager thinks 3% withdrawal rate is the way to go in the future. And if he thinks that, then why do Norwegian pension providers count with a 6% increase after inflation? They do that based on 40% bonds. I don't trust the numbers of those pension funds. I find them very optimistic.
Does the oil fund manager know things that we other people don't? If he can predict the future stock market average growth, he can do more than anyone in the world...
Our FIRE stash is based on 4% growth on average after inflation. Of course, if it is lower, we can spend less. But I really hope we will make some of the numbers close to that number. It would not be nice to be 60 and broke, and having to wait until 67 to take out our normal pension. Our pensions will be so low, that taking them out at 62 will make the monthly sum very small.